The cryptocurrency market is waving green. Bitcoin has reclaimed the $41,000 level after yesterday’s $40,000 claim. Barring USDC, XRP, TerraUSd, and a few others, every other cryptocurrency is experiencing a bull run. With this, the global cryptocurrency market has surged by 1.42% over the last 24hrs trading at $1.92 trillion.
On the contrary, one of the crypto analysts is predicting a bottom for Near Protocol (NEAR), Solana (SOL), and DAO Maker (DAO). Let’s understand why.
A closely watched crypto analyst pseudonymously known as Altcoin Sherpa, informs his 173,100 Twitter followers that Solana, a smart contract platform is looking out for low as this Ethereum killer is continuing its support trade at $100.
Solana is trading at $108.06 with an increase of 6.05% over the last 24hrs.
The next altcoin that is under Altcoin Sherpa’s watch is Maker DAO (DAO). It is a launchpad that provides software as a service (SaaS) solutions to crypto startups. So according to analyst, DAO Price is all set to head for a breakout as the currency is showing a rounded bottom pattern on the daily chart.
At the time of writing, DAO Maker (DAO) is changing hands at $2.70 with an increase of 0.07% over the last 24hrs.
The crypto strategist Altcoin Sherpa talks about another Ethereum competitor called Near Protocol (NEAR). According to analyst, it is just a matter of time before NEAR rallies to a new all-time high
And at present, Near Protocol (NEAR) is trading at $16.91 up by 1.45% over the last 24hrs.
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Source: https://coinpedia.org/altcoin/time-for-traders-to-short-sol-near-dao/